Arcelor Mittal (NYSE: MT), a global steel producer, is recently trading at $26.90 in pre-open trading, below its close of $31.70. MT reported Q3 EPS of $2.79 verses consensus of $4.01. MT December option implied volatility of 94 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
Mechel Steel (NYSE: MTL) closed at $9.01 Tuesday. MTL is a Russian mining, steel and power company. MTL December option implied volatility of 177 is above its 26-week average of 88 according to Track Data, suggesting larger price fluctuations.
US Steel (NYSE: X) is recently trading at $38.75 in pre-open trading, below its close of $41.17. X November option implied volatility of 97 is above its 26-week average of 71 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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